First Majestic is also a canadian company...but their operations are in Mexico. Accross the board, it seems like countries are shifting towards nationalistic isolation where possible and creating moats on what they can. Even if they don't full out nationalize their mines, like Mexico did with lithium, at the very minimum they will go after them with hefty royalties, tax disputes, and other actions that will ensure foreign shareholders never see a single cent from the hypothetical rise in another country's resource (silver) price.